With earnings behind us, it is time to open new spreads on Lululemon Athletica (LULU), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ).
Note that we are carrying over net debits on the LULU, ROKU and SQ positions. However, you can enter today’s trades even if you were not in the previous ones. Just be aware that we will be tracking them as ongoing positions.
If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.
LULU
Current Stock Price: $348.06
Net Debit: $8.60
Action:
- Sell to open the LULU Nov Monthly (11/20) 310 Put for around $1.52
- Buy to open the LULU Nov Monthly (11/20) 300 Put for around $0.92
- Set initial credit limit at $0.60
New Net Debit: $8
PTON
Current Stock Price: $128.93
Action:
- Sell to open the PTON Nov Monthly (11/20) 115 Put for around $2.07
- Buy to open the PTON Nov Monthly (11/20) 105 Put for around $0.76
- Set initial credit limit at $1.31
ROKU
Current Stock Price: $250.63
Net Debit: $0.12
Action:
- Sell to open the ROKU Nov Monthly (11/20) 215 Put for around $1.65
- Buy to open the ROKU Nov Monthly (11/20) 205 Put for around $0.84
- Set initial credit limit at $0.81
Cash in Hand: $0.69
SQ
Current Stock Price: $195.50
Net Debit: $1.55
Action:
- Sell to open the SQ Nov Monthly (11/20) 175 Put for around $1.98
- Buy to open the SQ Nov Monthly (11/20) 165 Put for around $0.84
- Set initial credit limit at $1.14
New Net Debit: $0.41